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- RE: Northwest Michigan Auto Auction And Salvage Compan
- Contact: Bill Malek
Quick Facts
| Asking Price: | $3,500,000 | |
| Annual Revenue: | $3,753,565 | |
| Net Profit: | $365,939 | |
| Cash Flow: | $497,867 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $1,153,762 | |
| Real Estate: | $571,000 | |
| Year Established: | 1983 | |
| Employees: | 15 | |
| BBN Listing #: | 412456932 | |
| Broker Reference #: | 201118 |
Business Overview:
Northwest Michigan Auto Auction and Salvage Company is for sale. Current ownership is seeking to retire.
This thirty-seven-year-old second-generation Company is highly profitable and ideal for a small investment firm. The Company has management in place to continue operations given leadership with some vision.
The Company currently offers Used Auto, Truck and RV Sales, Auto Salvage, and Service for internal purposes only.
The Company holds Auto Auctions, and post-COVID is continuing online sales as most Auto and RV sales have done very well and have prospered.
The Company has fifteen employees, including an operations manager, sales manager, parts manager, and office manager. The majority of the employees and all of the managers are well seasoned.
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Property Features and Assets:
The sale price includes Real Estate and Company Assets less Cash and Receivables. The Company sits on approximately 31 acres with various buildings and infrastructure for blacktop paving and lighting systems.
Market Competition and Expansion:
The Company has many options for increased growth by merely offering service for customers, growing parts sales, and taking the business's salvage portion to sell the parts. As the sum of the parts is greater than the value of the whole. An additional expansion could expand Auto Sales, Financing, and increased RV Sales and alignment as a Dealer.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Michigan businesses for sale
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